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Campbell Soup Company Posts Lower Q2 Results; Matches Views (CPB)

Before the opening bell on Wednesday, Campbell Soup Company (CPB ) reported lower second quarter results, but still matched estimates. Although the company’s quarterly results met expectations, its annual outlook fell short of estimates.

CPB's Earnings in Brief

  • The company reported earnings of $207 million, or 66 cents per share, down from $228 million, or 74 cents per share, a year ago.
  • Excluding special items, EPS was 66 cents – matching analysts’ estimates.
  • Revenue dipped 2% to $2.23 billion from $2.28 billion. Analysts expected to see revenue of $2.23 billion.
  • Looking ahead to FY2015, the company expects to see EPS between $2.32 and $2.38. Analysts expect to see EPS of $2.39.

CEO Commentary

Campbell’s CEO Denise Morrison commented: “Our second-quarter organic sales were comparable to the year-ago period. Adjusted EBIT declined by double digits, reflecting disappointing gross margin performance in the quarter, and was below our expectations.”

CPB's Dividend

Campbell Soup paid its last 31.2 cent dividend on February 2. We expect the company to declare its next dividend in March.

Stock Performance

Shares of CPB were down 39 cents, or 0.83% during premarket trading Wednesday. The stock is up 7% YTD.

CPB Dividend Snapshot

As of market close on February 24 , 2015

CPB dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of CPB dividends.

The Bottom Line

Campbell Soup Company (CPB ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.